Singapore’s luxury non-landed property market experienced a surge in activity during the second quarter (Q2) of 2025, with 59 transactions recorded, according to Huttons’ Prestige Report. The first half (1H) of 2025 saw 131 luxury non-landed homes change hands, marking a 33.7% increase from the second half (2H) of 2024 and a 19.1% rise compared to the same period last year.
The Good Class Bungalows (GCBs) market also witnessed a notable uptick, with 11 deals in Q2 2025, a significant jump from just two in the previous quarter. The total transacted value of GCBs reached $337.6 million, more than tripling the value from Q1 2025. Mark Yip, CEO of Huttons Asia, highlighted the strong interest from ultra-high-net-worth individuals (UHNWIs) seeking stable investment locations.
Despite a 21.3% decrease in the total value of luxury non-landed homes sold in Q2 2025 compared to Q1, the market remains robust. The highest transaction was a $30.87 million sale of a five-bedroom unit in Skywaters Residences. Additionally, 21 Anderson sold four units for over $80 million in total.
Looking ahead, the Henley Private Wealth Migration Report 2025 projects a net inflow of 1,600 millionaires into Singapore, which is expected to further boost the luxury property market. Upcoming launches, including River Green and Skye at Holland, are anticipated to sustain interest in the sector. As more wealth and naturalised citizens establish roots in Singapore, the GCB market is likely to maintain steady interest.
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